A Boston-based hedge fund has gobbled up $363 million worth of spot Bitcoin (BTC<\/a>) exchange-traded fund (ETF) shares.<\/p>\n Bracebridge Capital has reported owning<\/a> $262 million worth of the ARK 21Shares Bitcoin ETF (ARKB), $81 million worth of BlackRock\u2019s iShares Bitcoin Trust (IBIT) and $20 million worth of Grayscale Bitcoin Trust ETF (GBTC), according to Eric Balchunas, a senior ETF analyst at Bloomberg.<\/p>\n Bracebridge reports<\/a> around $12 billion worth of net assets under management (AUM) and is known for managing endowment money for Ivy League institutions, including Yale<\/a> and Princeton<\/a>.<\/p>\n According to Balchunas, the firm also holds<\/a> significant investments in the biotech firm Alvotech, the holding company Ambac Financial and the security solutions firm ADT.<\/p>\n Some of the biggest financial institutions in the US have also been holding<\/a> spot Bitcoin ETF shares on behalf of their clients:<\/p>\n In a new Form F13\u00a0filing<\/a>, which requires institutional investment managers to disclose their holdings, JPMorgan says it holds around $760,000 worth of BTC ETF shares on behalf of its clients, spread across BlackRock\u2019s iShares Bitcoin Trust, the ProShares Bitcoin Strategy ETF (BITO), Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC), the Grayscale Bitcoin Trust and the Bitwise Bitcoin ETF.<\/p>\n Wells Fargo also says<\/a> holds 2,245 shares of the Grayscale Bitcoin Trust worth nearly $123,000 at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A Boston-based hedge fund has gobbled up $363 million worth of spot Bitcoin (BTC) exchange-traded fund (ETF) shares. Bracebridge Capital has reported owning $262 million worth of the ARK 21Shares Bitcoin ETF (ARKB), $81 million worth of BlackRock\u2019s iShares Bitcoin Trust (IBIT) and $20 million worth of Grayscale Bitcoin Trust ETF (GBTC), according to Eric […]<\/p>\n","protected":false},"author":2,"featured_media":302611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-302610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/302610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=302610"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/302610\/revisions"}],"predecessor-version":[{"id":302613,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/302610\/revisions\/302613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/302611"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=302610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=302610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=302610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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